Csquare Reports Q3 2026 Revenue Growth and Increased EBITDA Margins
Csquare (CSQR) reported strong third-quarter results for 2026, with revenue reaching $302.3 million, a 25.6% increase year-over-year. This growth was primarily driven by high demand for its colocation platform and increased customer deployments. Despite a net loss of $88.1 million—largely attributed to one-time IPO-related transaction and compensation costs—the company saw significant operational improvements, including an adjusted EBITDA margin expansion to 47.8%. The company is navigating a supply-constrained environment that has bolstered its pricing power, evidenced by 17% renewal spreads. Management is currently focused on converting a $114 million contracted backlog into recurring revenue and utilizing adjusted EBITDA growth to reduce net leverage toward a target range of 6x to 7x. Csquare also provided full-year revenue guidance between $1.14 billion and $1.16 billion.
Topics: Adjusted EBITDA Backlog Colocation Revenue Net Loss Revenue Growth